Genel Energy Share Discussion Threads

[cyan] 07/9/2016 14:16

Malcy on POO



Brent now $47.35

[cyan] 07/9/2016 10:56

An extract;

ohdearohdearohdear 7 Sep '16 - 07:49 - 9838 of 9842 0 0

" .....Why are Genel investors any different to GKP investors?"

Because they have more sense and have invested in a company with a future and not a POS like some did.

Got any more predictions, oh dear?

Cyan 15 Aug '16 - 14:48 - 9694 of 9842 0 0

Amazing !. A new poster turns up commenting on the best time to buy GENL after this incredible GKP post;

ohdearohdearohdear 18 Mar'16 - 19:11 - 474996 of 510866 1 1
Oilman.

I have registered on this site to ask you a question. I am a long term holder of many years and an average of well in excess of 100p.

For the first time I am very concerned about my investment. Could I please ask for your current view of the situation?

Thank-you.

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

"For the first time I am very concerned about my investment".

You are in GKP that deep and it took you until March to get concerned!

ohdearohdearohdear 15 Aug '16 - 14:52 - 9695 of 9842 0 0

You don't believe everything a poster writes on here do you Cyan :-)

I don't believe a word of what you write - I have noticed you around various bb's.

But POO WILL drop into the 30's. Genel WILL test the 70's again. Within two weeks.

================================================================================
I certainly do not believe any of your posts, oh dear.

Brent $47.59.

[pogue] 07/9/2016 10:55

The more the Saudis cut spending at home the more disgruntled the locals will feel these are citizens who expect a life of idleness and payment to keep them docile this may change the equation. Civil unrest in Saudi could lead a revolt, plenty of groups out in that area happy to assist in that which off course leads to higher oil prices. Always look for the good news story lol.

[cyan] 07/9/2016 10:07

"Saudi Cost Cutting Drive: $20 Billion of Projects May Be Axed"



The low POO is really hurting the Saudi's, yet, I think its highly unlikely OPEC will agree a production freeze.

Brent is better today at $47.75 now

[sago2] 07/9/2016 09:09

It's a problem of biting the hand that feeds you. I suppose DNO were able to do it also believe there should be a shareholder revolt.

[jotoha2] 07/9/2016 08:19

If there was a problem with lack of payments going forward , the company is under obligation to announce via rns , otherwise they are liable to claims against them in the event of shareholders loosing money , those are the rules and therefore it appears all is fine .

[cinques] 07/9/2016 07:51

What's interesting about the IMF loans is that the loans are paid in tranches and, from what I can tell, receiving the next tranche is contingent on IOCs being paid.

I think the IMF loan news hasn't really hit the GENL investors' radar yet - or IIs simply don't believe it - or some IIs are working the price down in order to get good positions prior to the actual repayment news.

Sounds a bit unlikely, but I suspect there's slightly more good news coming than peeps are expecting.

[dmore2] 07/9/2016 00:02

kurdistan is Iraq

[karateboy] 06/9/2016 22:44

Thanks. I am not sure if IMF loan applies to Kurdistan . I guess we can ask the company. Any body knows, if applies to Kurdistan. On the paper says Irag IOC, so it should apply to Kurdistan.

[golfhelicopter12345] 06/9/2016 20:00

@karateboy - have you not looked at the IMF website?

hxxp://www.imf.org/en/news/articles/2016/07/12/14/31/na071416%20iraq%20gets%20imf%20loan%20to%20support%20economic%20stability

[karateboy] 06/9/2016 19:22

I can't find anywhere except in FT about IMF loan?

[golfhelicopter12345] 06/9/2016 18:27

DNO very relaxed about payment situation - they are investing heavily at Taq Taq and are trying to buy GKP so they are confident of payment regime holding up.

Also, all back payments now nearly made to GKP so more money in the pot for others.

Once IMF loan comes in, GENL will be paid all outstanding monies in any event.

[hangthedj] 06/9/2016 17:05

Last Taq Taq payment RNS was for $24.91m on 27th July for June production??

Think it was the only payment made by KRG during July to the main producers.

[sparky333] 06/9/2016 16:54

Really ?I will spell it out for you TAQ TAQ

[dodge meister] 06/9/2016 16:31

Interesting trying to figure out where the August $60m has gone. GKP $15m, Tawke $30m...where else?

[ohdearohdearohdear] 06/9/2016 16:29

The KRG will grind Genel into the dirt and then steal the assets - just as they are doing at GKP.

Why is anybody still holding Genel shares after seeing what has happened over on GKP? Serious question.

[sparky333] 06/9/2016 14:49

I have emailed Genel IR for an update on the lack of payment over the last 3 months.

[sparky333] 06/9/2016 14:40

Oil freeze.They oil ministers are so stupid if they agreed. 5% cut in production the oil price would shoot upto $60 Do the maths u idiots, how do they get into positions of power when so stupid ?Kurdistan needs a radical overall and I am now if the view all oil and payment should go through Iraq because they is just no accountability in Kurdistan.

[kmann] 06/9/2016 14:40

Short sellers getting the message now ...



As they say in american football ... GO LONG

[doshdabbler] 06/9/2016 14:34

It's not Ashti's fault the producers are not getting paid. He needs the cash to pay his militia for when the lynch mobs come after him and his wife. Shahristani had more integrity.

[cyan] 06/9/2016 14:31

Have to agree Fangorn2, next to no chance .

Brent $46.44, can it hold for a few minutes?

[fangorn2] 06/9/2016 14:27

@cyan,

inability to agree an oil freeze....an outcome never in doubt in my view